Sensex crosses 47,300 mark, rises over 380 points (Roundup)

Mumbai, Dec 28 : Healthy foreign fund inflows on the back of positive global cues lifted the key Indian equity indices on Monday.
Both the key indices – S&P BSE Sensex and NSE Nifty50 – closed on new record highs.
The indices rose for the fourth consecutive session with the Sensex crossing the 47,300 points mark for the first time.
Global cues, especially President Donald Trump’s assent finally for the US stimulus bill, was cited as the positive trigger by analysts.
Asian stock markets rose, after President Trump signed a $900 billion economic aid package, backing down from his earlier threat to block the bipartisan bill, in turn helping to reduce uncertainty as governments re-impose travel and business curbs in response to a new coronavirus variant.
European markets rose at the start of the last trading week of 2020, as traders reacted to Brexit developments and Trump signing a $900 billion Covid-19 relief bill into law.